Summary - 11 REED CLOSE FARNWORTH BOLTON BL4 7EF
2 bed 1 bath Apartment
Compact investment with immediate rental income and strong transport links.
Long lease — 231 years remaining
A compact two-bedroom apartment in a modern block, presented at online auction and currently let. The property is reported as approximately 553 sq ft with double glazing, gas central heating and off-street parking, making it straightforward to manage for a buy-to-let portfolio. The long lease (231 years) reduces medium-term tenure risk and the block was constructed post-2007.
This listing targets investors seeking yield and immediate income: the current tenancy produces £625 pcm and local rental comparables suggest room for growth (guidance in the sale pack notes rental values around £750–£850 pcm). Transport links are a clear strength — Farnworth station is under a mile away and motorways/M62/M60 connections provide easy access to Bolton and Manchester.
Buyers should note material points plainly: the property will be sold under online auction terms and ‘sold as seen’, it has not been independently inspected for this sale, and it sits in a very deprived local area which can affect tenant demand and long-term capital growth. EPC is reported as C. Prospective purchasers should factor in immediate viewing, tenancy checks, and any refurbishment costs to achieve higher rents or resale value.
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